Is There Tax benifit for large cap diversified funds?

Hi pankaj,

I invest Rs. 1000/- each in DSP BR Top 100 REG D, HDFC Top 200 & Reliance GOLD ETF. Are these investments tax free?? I'm salaried.

Thanks!

Devdatt P. Kulkarni

asked Aug 24 '11 at 13:02 by KDevdatt 1●1●1

One Answer:

oldest newest most voted

There is no tax exemption on investment for these funds.

But there won't be any income tax on gains earned from equities based funds, if they are sold after a year.

Please note that reliance gold ETF is not a equity based fund, so gains would be taxed as per ongoing tax laws. Currently there is 20% income tax on gains after indexation benefit.

answered Aug 24 '11 at 22:02 by Pankaj Batra 5.2k●3●20

link

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

*italic* or __italic__
**bold** or __bold__
link:[text](http://url.com/ "title")
image?![alt text](/path/img.jpg "title")
numbered list: 1. Foo 2. Bar
to add a line break simply add two spaces to where you would like the new line to be.
basic HTML tags are also supported

learn more about Markdown

Tags:

mutual-fund ×99
equity-diversified ×12
large-cap ×6
equity-funds ×3

Asked: Aug 24 '11 at 13:02

Seen: 1,569 times

Last updated: Aug 24 '11 at 22:02

Is There Tax benifit for large cap diversified funds?

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Follow this question

Related questions